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Tariffs and the effect on housing market
Tariffs and the effect on housing market

Yahoo

time05-04-2025

  • Business
  • Yahoo

Tariffs and the effect on housing market

SAVANNAH, Ga. (WSAV) — Tariffs have the potential of affecting the price of wide variety of things, including homes. As of now interest rates for home buyers are the lowest, we've seen them since October of 2024 with a 1% decrease. The average mortgage loan from lenders is around 6.5%, but if you're planning on building a home, the upfront cost could be a lot more. 'Rising tariffs, has triggered volatility in the stock market,' Misty Stenmark, a home buying specialist with Heather Murphy Real Estate group, said. 'So that means that investors are going to shift their money into bonds as a safer option. The increased demand for bonds drives down yields and that ultimately results in lower interest rates, which is what we're seeing now. We have the lowest interest rates currently that we've seen since October of last year.' Tariffs against countries around the world will start to take place on April 5 and April 9. The good news for home buyers is the decrease in interest rates from lenders. 'Lower interest rates and higher inventory means now's a great time to buy,' Stenmark said. 'If you're in a position to buy. So even with some economic uncertainty, savannah remains resilient. We're fortunate and that we have major growth in manufacturing and logistics, and that ultimately keeps our housing market steady.' If you're custom building a home, Misty said materials such as Canadian softwood lumber, steel, aluminum and equipment components for HVAC and other appliances could be impacted. She said most builders are charging around $300 dollars per square foot, an increase from the low 200s they were seeing. 'Lately, custom building is a little more expensive than buying a home that already exists,' Stenmark said. Misty said it's very unlikely that we will have a major housing market crash like in 2008 due to the demand here in Savannah. 'Do not expect a housing market like the 2008,' Stenmark said. 'You know, ultimately the demand is there. And with demand that's going to drive up the prices, and so we don't expect prices to decline to the extent that some people do. In fact, they've risen in on average of four and a half percent, and so the experts expect that to continue.' We reached out to the Georgia Ports to see if they had anything to say about the incoming tariffs and this was their statement: 'We are closely monitoring the ongoing tariff discussions and related developments. Yesterday, we released our March container numbers, which showed record volumes in the port of Savannah. Next week, we will release our port of Brunswick numbers for the month of March.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Mikaela Shiffrin gets historic 100th World Cup race win, ties podiums record
Mikaela Shiffrin gets historic 100th World Cup race win, ties podiums record

CBS News

time24-02-2025

  • Sport
  • CBS News

Mikaela Shiffrin gets historic 100th World Cup race win, ties podiums record

Mikaela Shiffrin is 100% the best in skiing's World Cup history book. Shiffrin's record-extending 100th career World Cup race win Sunday fulfilled a quest put on hold by a serious crash in November. Back to racing in her favored slalom event, Shiffrin kept and added to her first-run lead to finish 0.61 seconds ahead of Zrinka Ljutic. Shiffrin's U.S. teammate Paula Moltzan was third. Shiffrin also tied an all-time World Cup record for men and women, as her 155th career top-3 finish on the podium matched Swedish great Ingemar Stenmark. Shiffrin crossed the finish line and took a long look at the scoreboard showing her victory. She then looked again over her left shoulder with an expression of amazement. She lay down on the snow with her right hand on her helmet and was helped to her feet by Moltzan who hugged her. Shiffrin cried at first when she was asked in a post-race interview what it meant after all she had been through in the past few months. "Everyone had been so nice and so supportive. I am so grateful, thank you," she said. Shiffrin's 99th win was earned exactly three months ago in a slalom at Gurgl, Austria. No. 100 had been within clear sight one week later when Shriffin crashed out of a giant slalom at Killington, Vermont, while racing fast as the first-run leader. The injuries she suffered in a tumbling fall — severe trauma to her oblique muscles and a deep puncture wound — sidelined her for several weeks and left "PTSD-like" anxiety about racing giant slalom. In two giant slaloms at Sestriere, she placed 25th Friday and on Saturday finished outside the top-30 fastest racers in the first run for the first time since 2012. Shiffrin and Stenmark are the two greatest record-setters in the World Cup's 58-year history. His record of 86 World Cup wins was broken by Shiffrin in March 2023, almost 34 years after his last win. Stenmark's 86th win — a giant slalom at Aspen, Colorado in February 1989 — also was his 155th and last podium result.

Mikaela Shiffrin gets historic 100th World Cup race win and ties record for most podiums
Mikaela Shiffrin gets historic 100th World Cup race win and ties record for most podiums

Associated Press

time23-02-2025

  • Sport
  • Associated Press

Mikaela Shiffrin gets historic 100th World Cup race win and ties record for most podiums

SESTRIERE, Italy (AP) — Mikaela Shiffrin is 100% the best in skiing's World Cup history book. Shiffrin's record-extending 100th career World Cup race win Sunday fulfilled a quest put on hold by a serious crash in November. Back to racing in her favored slalom event, Shiffrin kept and added to her first-run lead to finish 0.61 seconds ahead of Zrinka Ljutic. Shiffrin's U.S. teammate Paula Moltzan was third, 0.64 back. The 29-year-old Shiffrin also tied an all-time World Cup record for men and women, as her 155th career top-3 finish on the podium matched Swedish great Ingemar Stenmark. Shiffrin crossed the finish line and took a long look toward the scoreboard showing her victory — which she later said she could not find. She then looked again over her left shoulder with an expression of amazement. She lay down on the snow with her right hand to her helmet, and was helped to her feet by Moltzan who hugged her. Shiffrin cried at first when asked in a post-race interview what it meant after all she had been through in the past few months. 'Everyone had been so nice and so supportive. I am so grateful, thank you,' she said, adding later it was 'just an amazing day in the middle of some really tough months. 'I have wondered in the last weeks so many times whether it is the right thing to come back,' said Shiffrin, who had been a distant 10th in a Jan. 30 slalom at Courchevel, France. Shiffrin's 99th win was earned exactly three months ago in a slalom at Gurgl, Austria. No. 100 had been within clear sight one week later when Shriffin crashed out of a giant slalom at Killington, Vermont, while racing fast as the first-run leader. The injuries she suffered in a tumbling fall — severe trauma to her oblique muscles and a deep puncture wound — sidelined her for several weeks and left 'PTSD-like' anxiety about racing giant slalom. In two giant slaloms at Sestriere, she placed 25th Friday and on Saturday finished outside the top-30 fastest racers in the first run for the first time since 2012. Shiffrin showed no sign of nerves Sunday with an aggressive second run to victory, a full half-second faster than Ljutic who is a three-time winner this season in World Cup slaloms. 'A lot of things had to go right in my direction for this to happen. But I did something right, too,' a tearful Shiffrin said minutes after the race. Shiffrin and Stenmark are the two greatest record setters in the World Cup's 58-year history. 'She's much better than I was. You cannot compare,' Stenmark said in an interview with The Associated Press two years ago. His record of 86 World Cup wins was broken by Shiffrin in March 2023, almost 34 years after his last win. Stenmark's 86th win — a giant slalom at Aspen, Colorado in February 1989 — also was his 155th and last podium result. Shiffrin matched Stenmark's tally of top-3 results in six fewer starts. Sunday was her 278th World Cup race and Stenmark's last podium was in his 284th, according to the site. Shiffrin'a injury absence means she is unlikely to add to her eight career titles in the season-long World Cup slalom standings. Even with 100 race points Sunday, she is just sixth and trailing leader Ljutic by 163 with two races left: March 9 in Aare, Sweden, and the season-ending March 27 race in Sun Valley. 'I'm really happy that I got to be here today,' the 21-year Ljutic said of Shiffrin's century. 'She was fighting so hard.' The standings had been led by Camille Rast, the new world champion from Switzerland this month when Shiffrin was fifth. Rast crashed out Sunday in the first run, three gates from the finish when set for a fast time. Moltzan's fifth career podium in the World Cup followed a worlds bronze medal in giant slalom during her career year at age 30. 'I just wanted to put everything on the line and see how it played out,' said Moltzan, who is rewarding herself with some vacation days in London. ___

Mikaela Shiffrin gets historic 100th World Cup race win and ties record for most podiums
Mikaela Shiffrin gets historic 100th World Cup race win and ties record for most podiums

Boston Globe

time23-02-2025

  • Sport
  • Boston Globe

Mikaela Shiffrin gets historic 100th World Cup race win and ties record for most podiums

The 29-year-old Shiffrin also tied an all-time World Cup record for men and women, as her 155th career top-3 finish on the podium matched Swedish great Ingemar Stenmark. Related : Shiffrin crossed the finish line and took a long look toward the scoreboard showing her victory — which she later said she could not find. She then looked again over her left shoulder with an expression of amazement. Advertisement She lay down on the snow with her right hand to her helmet and was helped to her feet by Moltzan who hugged her. Shiffrin cried at first when asked in a post-race interview what it meant after all she had been through in the past few months. 'Everyone had been so nice and so supportive. I am so grateful, thank you,' she said, adding later it was 'just an amazing day in the middle of some really tough months. 'I have wondered in the last weeks so many times whether it is the right thing to come back,' said Shiffrin, who had been MIKAELA SHIFFRIN HITS 💯!!! 🏆🔥 History made as she claims her 100th career victory! Absolute legend. 👑⛷️ — FIS Alpine (@fisalpine) Shiffrin's 99th win was earned exactly three months ago in a slalom at Gurgl, Austria. No. 100 had been within clear sight one week later when Shriffin crashed out of a giant slalom at Killington, Vermont, while racing fast as the first-run leader. The injuries she suffered in a tumbling fall — severe trauma to her oblique muscles and a deep puncture wound — sidelined her for several weeks and left 'PTSD-like' anxiety about racing giant slalom. In two giant slaloms at Sestriere, she placed 25th Friday and on Saturday finished outside the top-30 fastest racers in the first run for the first time since 2012. Advertisement Shiffrin showed no sign of nerves Sunday with an aggressive second run to victory, a full half-second faster than Ljutic who is a three-time winner this season in World Cup slaloms. 'A lot of things had to go right in my direction for this to happen. But I did something right, too,' a tearful Shiffrin said minutes after the race. Shiffrin and Stenmark are the two greatest record setters in the World Cup's 58-year history. 'She's much better than I was. You cannot compare,' His record of 86 World Cup wins was broken by Shiffrin in March 2023, almost 34 years after his last win. Stenmark's 86th win — a giant slalom at Aspen, Colorado in February 1989 — also was his 155th and last podium result. Shiffrin matched Stenmark's tally of top-3 results in six fewer starts. Sunday was her 278th World Cup race and Stenmark's last podium was in his 284th, according to the site. Shiffrin'a injury absence means she is unlikely to add to her eight career titles in the season-long World Cup slalom standings. Even with 100 race points Sunday, she is just sixth and trailing leader Ljutic by 163 with two races left: March 9 in Aare, Sweden, and the season-ending March 27 race in Sun Valley. 'I'm really happy that I got to be here today,' the 21-year Ljutic said of Shiffrin's century. 'She was fighting so hard.' The standings had been led by Camille Rast, the new world champion from Switzerland this month when Shiffrin was fifth. Rast crashed out Sunday in the first run, three gates from the finish when set for a fast time. Advertisement Moltzan's fifth career podium in the World Cup followed a worlds bronze medal in giant slalom during her career year at age 30. 'I just wanted to put everything on the line and see how it played out,' said Moltzan, who is rewarding herself with some vacation days in London.

Mikaela Shiffrin gets historic skiing 100th World Cup race win and ties record for most podiums
Mikaela Shiffrin gets historic skiing 100th World Cup race win and ties record for most podiums

Chicago Tribune

time23-02-2025

  • Sport
  • Chicago Tribune

Mikaela Shiffrin gets historic skiing 100th World Cup race win and ties record for most podiums

SESTRIERE, Italy — Mikaela Shiffrin is 100% the best in skiing's World Cup history book. Shiffrin's record-extending 100th career World Cup race win Sunday fulfilled a quest put on hold by a serious crash in November. Back to racing in her favored slalom event, Shiffrin kept and added to her first-run lead to finish 0.61 seconds ahead of Zrinka Ljutic. Shiffrin's U.S. teammate Paula Moltzan was third, 0.64 back. The 29-year-old Shiffrin also tied an all-time World Cup record for men and women, as her 155th career top-3 finish on the podium matched Swedish great Ingemar Stenmark. Shiffrin crossed the finish line and took a long look toward the scoreboard showing her victory — which she later said she could not find. She then looked again over her left shoulder with an expression of amazement. She lay down on the snow with her right hand to her helmet, and was helped to her feet by Moltzan who hugged her. Shiffrin cried at first when asked in a post-race interview what it meant after all she had been through in the past few months. 'Everyone had been so nice and so supportive. I am so grateful, thank you,' she said, adding later it was 'just an amazing day in the middle of some really tough months. 'I have wondered in the last weeks so many times whether it is the right thing to come back,' said Shiffrin, who had been a distant 10th in a Jan. 30 slalom at Courchevel, France. Shiffrin's 99th win was earned exactly three months ago in a slalom at Gurgl, Austria. No. 100 had been within clear sight one week later when Shriffin crashed out of a giant slalom at Killington, Vermont, while racing fast as the first-run leader. The injuries she suffered in a tumbling fall — severe trauma to her oblique muscles and a deep puncture wound — sidelined her for several weeks and left 'PTSD-like' anxiety about racing giant slalom. In two giant slaloms at Sestriere, she placed 25th Friday and on Saturday finished outside the top-30 fastest racers in the first run for the first time since 2012. Shiffrin showed no sign of nerves Sunday with an aggressive second run to victory, a full half-second faster than Ljutic who is a three-time winner this season in World Cup slaloms. 'A lot of things had to go right in my direction for this to happen. But I did something right, too,' a tearful Shiffrin said minutes after the race. Shiffrin and Stenmark are the two greatest record setters in the World Cup's 58-year history. 'She's much better than I was. You cannot compare,' Stenmark said in an interview with The Associated Press two years ago. His record of 86 World Cup wins was broken by Shiffrin in March 2023, almost 34 years after his last win. Stenmark's 86th win — a giant slalom at Aspen, Colorado in February 1989 — also was his 155th and last podium result. Shiffrin matched Stenmark's tally of top-3 results in six fewer starts. Sunday was her 278th World Cup race and Stenmark's last podium was in his 284th, according to the site. Shiffrin'a injury absence means she is unlikely to add to her eight career titles in the season-long World Cup slalom standings. Even with 100 race points Sunday, she is just sixth and trailing leader Ljutic by 163 with two races left: March 9 in Aare, Sweden, and the season-ending March 27 race in Sun Valley. 'I'm really happy that I got to be here today,' the 21-year Ljutic said of Shiffrin's century. 'She was fighting so hard.' The standings had been led by Camille Rast, the new world champion from Switzerland this month when Shiffrin was fifth. Rast crashed out Sunday in the first run, three gates from the finish when set for a fast time. Moltzan's fifth career podium in the World Cup followed a worlds bronze medal in giant slalom during her career year at age 30. 'I just wanted to put everything on the line and see how it played out,' said Moltzan, who is rewarding herself with some vacation days in London.

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